Global Developments: This chart shows each central bank’s balance sheet as a percentage of the GDP.
United States: Small business activity remains well below last year’s levels.
US COVID-related hospitalizations are on the rise.
China: Inflows into sovereign bonds remain high, which has been supporting China’s currency.
Emerging Markets: With India’s inflation moderating, the central bank is likely to cut rates later this year.
Equities: The market is pricing in a Biden victory in November. Here is the relative performance of the “Biden basket.”
Food For Thought: Polls in battleground states vs. 2016:
Edited by Daniel Moskovits
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